Everyday ISA

- Withdraw as often as you want
- Open from £1
- Interest can be paid monthly or annually
- You can transfer existing ISAs into this one
How much interest could you earn?
Here's how much you could get after 12 months:
Balance | Interest earned |
---|---|
£1,025 | £25 |
This estimate is based on:
- opening the account on 1 July 2025
- monthly deposits on the first of every month
- the interest rate staying the same
- no money being taken out
- no extra money added in.
Summary Box
What is the interest rate?
Annual interest
Tax-free interest rate per year You don't pay income tax on this interest. | Annual Equivalent Rate (AER) |
---|---|
2.50% | 2.50% |
Monthly interest
Tax-free interest rate per year You don't pay income tax on this interest. | Annual Equivalent Rate (AER) |
---|---|
2.47% | 2.50% |
AER helps you compare between accounts. It's the rate of interest if it was paid and added each year.
The interest rate is variable and can go up or down.
We work out your interest daily. If you choose annual interest, it will be paid on 31 March each year. If you choose monthly interest, it will be paid on the last day of each month.
Can Yorkshire Building Society change the interest rate?
Yes, we can change the interest rate up or down. We will let you know if this happens.
The reasons why we could do this and how we will let you know, are in the General terms and conditions. You can find them in the "Interest, charges and changes" section.
What would the estimated balance be after 12 months based on a £1,000 deposit?
£1,025
We have based this on:
- the deposit added the day you opened the account
- the interest rate staying the same
- no money being taken out
- no extra money added in.
How do I open and manage my account?
To open this account you must be:
At least 18 years old and one of the following:
- a UK resident for tax purposes
- a qualifying Crown employee
- married to or in a civil partnership with a qualifying Crown employee.
How much can I save?
You can save from £1 up to the maximum ISA allowance. For the 2025/2026 tax year, this is £20,000. A tax year runs from 6 April one year to 5 April the following year.
Can it be a joint account?
No.
How do I open this account?
You can open this account by:
- visiting your nearest branch or agency
- downloading an application form and posting it to us
- calling us and we'll send you an application form in the post.
Can I transfer existing ISAs into this one?
- If you want to transfer ISA savings from the current tax year, you must transfer the full balance.
- If you want to transfer ISA savings from previous tax years, you can transfer the full balance or part of it.
Please check the terms and conditions of the ISA you're transferring from, in case there are any withdrawal restrictions or charges.
Please make sure you transfer your savings using an "ISA transfer" process. If you make the payment yourself, your money will lose its tax-free status.
For more information, have a look at our guide to transferring Cash ISAs.
Can I open more than one?
Yes.
How can I manage my account?
You can manage your account in a branch or agency, or by post.
You can also register to manage your account online.
Can I withdraw money?
Yes, you can withdraw money as often as you want. Check our daily withdrawal limits.
This ISA is flexible. This means you can withdraw money from your ISA account and pay it back in later. It will not affect your annual allowance, if it's done in the same tax year.
If you make a withdrawal using CHAPS, there will be a fee.
To keep your account open, you need at least £1 in your account.
You can close your account at any time.
Additional information
You'll get a passbook record card when you open this account. It is a physical card that a branch or agency can update with your transactions.
Tax
ISAs are tax-free so the interest earned on an ISA doesn't count towards your Personal Savings Allowance (PSA). The PSA is the amount of interest you can earn without paying tax.
Whether you need to pay tax depends on your personal circumstances so could change in the future.
Ready to apply?
Please read the following documents.
When you apply for this account, you may need to verify your identity.
Apply in a branch or agency
Visit us to open your account. You may want to book an appointment.
Find your nearest branch
Your eligible deposits with Yorkshire Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.